Commerce Exam Past Questions and Answers | JAMB, WAEC and NECO

Commerce is a structured system for exchanging goods between buyers and sellers. It involves studying the processes and activities related to buying and selling goods and services, particularly on a large scale.

• Question 311: A risk that can be estimated and calculated to be compensation is? Options:
  A) a delivery risk
  B) an insurable risk
  C) a credit risk
  D) a systematic risk
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  The correct answer is B .
• Question 312: Which of the following confirms the accuracy of the duty charged on imported goods? Options:
  A) An indent
  B) Consular invoice
  C) Consignment note
  D) Shipping note
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  The correct answer is B .
• Question 313: The process of decoding data in a computer is known as Options:
  A) dilution
  B) default drive
  C) decryption
  D) data security
  Show Answer
  The correct answer is C .
• Question 314: The organised effort of consumers to protect themselves against the unfair practices of businessmen is known as __ Options:
  A) Stroke
  B) Consumerism
  C) Picketing
  D) Demonstration
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  The correct answer is B .
• Question 315: The service of a textile worker are an example of? Options:
  A) extractive activity
  B) commercial activity
  C) manufacturing
  D) construction
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  The correct answer is C .
• Question 316: The breaking down of a market into separate and identifiable elements each with its own special product requirement is known as market Options:
  A) differentiation
  B) segmentation
  C) penetration
  D) identification
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  The correct answer is B .
• Question 317: A historical building is a feature of? Options:
  A) cultural tourism
  B) industrial tourism
  C) agricultural tourism
  D) ecological tourism
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  The correct answer is A .
• Question 318: Goods that are manufactured or acquired by the seller after the contract of sale are? Options:
  A) specialty goods
  B) future goods
  C) specific goods
  D) general goods
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  The correct answer is C .
• Question 319: The major function of a trade association is that it? Options:
  A) liases with foreign trade associations
  B) helps to promotes foreign trade
  C) facilitates members' access to credit facilities
  D) helps to promote resarch on behalf of members
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  The correct answer is D .
• Question 320: The primary motive behind an individual engaging in production is to? Options:
  A) fully engaged all the factors of production
  B) make available goods and services
  C) meets projected profit
  D) meet basic human needs
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  The correct answer is C .